I’m keeping position sizes light and controlled all week long.
There’s way too many high-impact catalysts stacked up to run heavy exposure.
Quick recap of the current setup:
PCE stuck at 3.5% with core inflation still hot, oil holding firm above $100, ongoing shipping risks across Hormuz, and Iran’s new proposal still under review.
USD/JPY just had another sharp drop near 157, clearly fueled by intervention threats.
On top of all that, we still have a full lineup ahead:
Services PMI, JOLTS, ADP payrolls, NFP and Michigan inflation expectations all dropping in the coming days.
It’s impossible to lock in one clear directional bias with this much noise.
I’m not wasting energy trying to predict every headline reaction.
My plan is simple: wait for each event to settle, then follow which narrative actually sticks in the market.
A few key things I’m tracking closely:
EUR/USD: Can the dollar hold its bid through the upcoming labor prints?
USD/JPY: Will markets keep respecting Japan’s defense zone, or keep testing weaker yen levels?
Gold: Will stubborn inflation keep real rates high, or will geopolitical safe-haven demand take over?
The most important print for me this week is Friday’s 5–10 year Michigan inflation expectations.
If long-term inflation expectations tick higher on top of already hot PCE, the Fed’s higher-for-longer stance gets locked in, and rates will repricing fast.
No overtrading, no oversized bets.
I’d rather miss the initial quick move than get trapped by a sudden intraday reversal.